Top 12 Virtual Reality Companies in the World

The global virtual reality market size reached US$ 13.0 Billion in 2023. As per the analysis by IMARC Group, the top virtual reality companies are heavily investing in developing wireless VR solutions to eliminate the constraints of cables and improve mobility during VR experiences in an attempt to strengthen their position in the market. Along with this, continuous technological advancements, such as the launch of innovative head-mounted displays (HMDs) and goggles with 360-degree viewing capabilities, are creating a positive market outlook. Besides, VR enables tourists to take a virtual tour of monuments, famous sites, restaurants, theatres, and hotels, which in turn is catalyzing the industry across the globe. Moreover, the wide utilization of virtual reality in e-sports is augmenting the market as VR allows viewers to immerse themselves in live events, providing a sense of presence and enhancing the excitement of watching professional gaming tournaments. In line with this, the growing utilization of VR technology in the healthcare industry as a diagnostic tool is fuelling the market as it assists healthcare professionals to reach a diagnosis in conjunction with other medical approaches, such as magnetic resonance imaging (MRI). Other factors, such as inflating disposable income levels of the masses, advancements in three-dimensional (3D) effects, and increasing demand for electronic devices and interactive graphics, are also influencing the market. On account of these factors, the market is expected to reach US$ 82.3 Billion by 2032, exhibiting a growth rate (CAGR) of 22% during 2024-2032.  

Learn about opportunities, challenges, and trends in the global Virtual Reality market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Virtual Reality Industry:

The global virtual reality market has several major CyberGlove Systems Inc., Eon Reality Inc., Google LLC (Alphabet Inc.), HTC Corporation, Microsoft Corporation, Oculus VR LLC (Facebook Inc.), Samsung Electronics Co. Ltd., Sixense Enterprises Inc., Sony Corporation, StarVR Corp (Acer Inc.), Ultraleap Ltd. and Unity Software Inc More information about these companies has been provided below.

1. CyberGlove Systems Inc.

CyberGlove Systems Inc. is a company that specializes in the development and manufacturing of sensor-based virtual reality solutions. Its product portfolio includes cybergroup, CyberGlove, hand and finger tracking systems, and motion capture systems. The company has a strong focus on research and development, continuously innovating its products to meet the evolving needs of its customers. Besides, it promotes work-life balance, provides training and development opportunities, creates a diverse and inclusive workplace, and encourages employee participation in sustainability initiatives. The company is also engaged in volunteering programs, supporting local organizations or charities, and participating in community development projects that address social and environmental challenges.

2. Eon Reality Inc.

Eon Reality Inc. is a multinational virtual and augmented reality software and technology company. It focuses on developing immersive technologies that can be used in a variety of industries, including education, healthcare, energy, and manufacturing. The company offers a range of products and services, including virtual and augmented reality software development, consulting, and training. It is committed to reducing its environmental impact and has implemented several sustainable practices in its operations. Besides, the company has developed an augmented and virtual reality platform that provides students with an immersive learning experience.

3. Google LLC (Alphabet Inc.)

Google LLC is a multinational technology company that specializes in Internet-related services and products. Its product portfolio includes Google Search, Google Maps, YouTube, Google Drive, and Android. The company is known for its innovative products, strong brand, and commitment to improving the world through technology. It is committed to promoting diversity and inclusion in its workplace and has implemented several initiatives to achieve this goal. Additionally, the company has established programs to recruit and retain underrepresented groups, such as women and people of color, and has implemented unconscious bias training for its employees.

4. HTC Corporation

HTC Corporation is a multinational technology company that specializes in manufacturing smartphones and virtual reality equipment. It offers HTC Vive headsets and smartphones. The company has implemented a green manufacturing program to reduce its environmental impact. The program includes environmental standards for its manufacturing facilities and measures to reduce waste, energy consumption, and greenhouse gas emissions. Additionally, it has also implemented a recycling program to reduce waste and promote the reuse of materials. Besides, the company has established a code of conduct that outlines ethical and sustainable business practices and has implemented programs to promote employee well-being and community engagement.

5. Microsoft Corporation

Microsoft Corporation is a multinational technology company that develops, licenses, and sells computer software, consumer electronics, and personal computers. The company offers a wide range of software products, including the office suite, Microsoft Teams, Microsoft Edge web browser, and Windows operating system. It has a strong commitment to diversity and inclusion, with initiatives that promote gender equality, racial and ethnic diversity, and accessibility for people with disabilities. The company has also established several programs to support education and workforce development, including the Microsoft Philanthropies program and the Microsoft Imagine Academy. 

6. Oculus VR LLC (Facebook Inc.)

Oculus VR LLC is a subsidiary of Facebook Inc. that specializes in the development of virtual reality (VR) hardware and software. Its product portfolio includes Oculus Quest, Oculus Rift, Oculus Link, and Oculus Go. The company is committed to corporate social responsibility and has implemented several initiatives to promote sustainability, diversity, and inclusion. It has established several programs to support education and workforce development, such as the Facebook Community Boost program and the Facebook Career Connections program. The company has also implemented several initiatives to support underrepresented groups in the technology industry and initiatives to address bias and discrimination in its products and services.

7. Samsung Electronics Co. Ltd.

Samsung Electronics Co., Ltd. is a multinational conglomerate corporation. The company operates in various sectors, including electronics, information technology, semiconductors, telecommunications equipment, and consumer appliances. Its product portfolio includes smartphones and tablets, refrigerators, washing machines, air conditioners, computer peripherals, printers, cameras, semiconductors, and display panels. The company focuses on reducing its environmental footprint, promoting responsible supply chain practices, and supporting community development through various initiatives. It also supports education programs, including digital literacy and STEM education, to enhance access to quality education.

8. Sixense Enterprises Inc.

Sixense Enterprises Inc. is a virtual reality (VR) company that specializes in the development of VR software and hardware solutions. The company offers various applications and platforms including VR games, simulations, training programs, architectural visualization, and various immersive applications. It focusses on reducing environmental impact, promoting responsible manufacturing, and sourcing practices, supporting local communities, and investing in renewable energy. Additionally, the company is also committed to environmental sustainability, employee well-being, community engagement, philanthropy, and ethical business practices. It company values equal opportunities and strives to create an inclusive work environment that embraces diversity of backgrounds, perspectives, and experiences.

9. Sony Corporation

Sony Corporation is a multinational conglomerate corporation. It operates in several sectors, including electronics, entertainment, gaming, music, film, television, and financial services. The company offers a wide range of consumer electronics products, including televisions, audio devices, cameras, gaming consoles, and mobile devices. It has a strong focus on innovation and heavily invests in research and development. The company has been at the forefront of technological advancements, developing products such as the Walkman, CD player, Blu-ray, and various imaging and audio technologies. Besides, it has set targets to reduce its carbon footprint, increase energy efficiency, and promote recycling and responsible waste management.

10. StarVR Corp (Acer Inc.)

StarVR Corp is a virtual reality (VR) technology company. The company focuses on developing and commercializing high-end VR hardware and software solutions. Its primary product is the StarVR headset, designed to provide an immersive VR experience with a wide field of view and high-resolution display. The company promotes a safe and inclusive work environment, provides training and development opportunities, and supports work-life balance initiatives. Additionally, it actively engages with local communities through various initiatives. This includes supporting educational programs, providing technology resources to underserved communities, and participating in philanthropic efforts.

11. Ultraleap Ltd.

Ultraleap Ltd. is a technology company specializing in touchless human-machine interface (HMI) solutions. It is focused on eliminating the need for physical touch in human-computer interaction and providing intuitive and engaging interactions for various industries and applications. The company offers a wide range of devices and systems, such as displays, VR headsets, automotive infotainment systems, and interactive digital signage. It aims to minimize its environmental impact by implementing energy-efficient practices, reducing waste, and promoting recycling and responsible resource management. Besides, the company values the health and safety of its employees and provides resources and support to promote work-life balance, professional growth, and personal development.

12. Unity Software Inc.

Unity Software Inc. is a leading technology company that provides a comprehensive platform for creating, operating, and monetizing interactive, real-time 2D and 3D content. Its product portfolio includes the unity engine, unity editor, asset store, and unity services. The company promotes diversity and inclusion through various initiatives, including employee resource groups, diversity-focused recruitment efforts, and partnerships with organizations that support underrepresented groups in technology. Besides, it provides educational resources, tutorials, and workshops to help students and educators learn and teach game development and real-time 3D skills.

Get an inside look at the global virtual reality market with exclusive insights, including:

• CAGR projections during the 2024-2032 forecast period
• In-depth information on the factors that will fuel the virtual reality market growth in the next five years
• Precise predictions regarding upcoming trends and potential changes in consumer behavior
• Analysis of the virtual reality industry's expansion at the regional and global level.
• A thorough review of the market's competitive landscape and detailed information on key players
• Detailed explanations of the challenges that could impede the growth of the virtual reality market.
   

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